Federal Reserve Bank

The Federal Reserve on Wednesday released its decision on interest rates following a two-day meeting.

The Federal Reserve extended its year-long fight against high inflation by raising its key interest rate by a quarter-point despite concerns that higher borrowing rates could worsen the turmoil that has gripped the banking system. Fed Chair Jerome Powell sought to reassure Americans that it is safe to leave money in their banks, two weeks after a rush of depositors...

The fed said banks had borrowed about $300 billion in emergency funding in the past week. So will ordinary Americans end up paying for it, one way or another?

The Fed’s seventh rate hike this year will make it even costlier for consumers and businesses to borrow for homes, autos and other purchases.

President Joe Biden and Federal Reserve Chairman Jerome Powell have met to plot a strategy to fight inflation. Biden hoped the meeting on Tuesday would demonstrate his concern to voters, though he insisted anew the White House will not interfere with the independent central bank’s work. Its highly sensitive task is raising benchmark interest rates in hopes of slowing inflation...

Inflation eased slightly in April after months of relentless increases but remained near a four-decade high, making it hard for millions of American households to keep up with surging prices. Consumer prices jumped 8.3% from a year ago, below the 8.5% year-over-year surge in March. Still, there are signs that inflation may be becoming more entrenched. Excluding the volatile food...

The personal consumption expenditures price index increased 5.4% from the same period in 2021, the biggest jump going back to April 1983.

U.S. Treasury yields fell on Thursday, with investors focused on the inflation data due.

The Fed’s shift away from low rates comes as the African American unemployment rate has sunk to 6.6%, a relatively low level historically but still twice the 3.3% rate among white Americans.

U.S. Treasury yields were lower on Wednesday as investors continue to watch the spreads between bonds.

Yields fell on Tuesday as traders monitored ceasefire negotiations between Russia and Ukraine.

The Federal Reserve’s efforts to fight inflation threaten to sink the U.S. into contraction, according to economist Mohamed El-Erian.

U.S. 5-year and 30-year Treasury yields have inverted for the first time since 2006, raising fears of a possible recession.

The 10-year U.S. Treasury yield hit a fresh two-year high Friday as investors anticipate a more aggressive Fed.

Inflation fears and interest rate hikes remain high on the agenda for investors.

The 10-year U.S. Treasury yield was little changed Wednesday near a fresh multi-year high.

The 10-year U.S. Treasury yield hit a multi-year high Tuesday as investors digested comments from Federal Reserve Chair Jerome Powell on rate hikes.

Federal Reserve Chairman Jerome Powell vowed tough action on inflation, which he said jeopardizes an otherwise strong recovery.

U.S. Treasury yields climbed Monday after Federal Reserve chief Jerome Powell warned about rampant inflation.

Fed Governor Christopher Waller said the central bank may need to enact one or more 50 basis point interest rate hikes to tame inflation.